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India Adopts WAVES Declaration at Landmark Media Summit

The WAVES 2025 Summit in Mumbai secures global commitments to cultural diversity, ethical technology, and creative collaboration, while unveiling major infrastructure and investment initiatives.

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Overview

  • Member nations at the WAVES 2025 Summit formally adopted the WAVES Declaration, emphasizing cultural pluralism, responsible AI use, and global cooperation in media and entertainment.
  • Prime Minister Modi highlighted the 'Orange Economy,' identifying content, creativity, and culture as key pillars for India's economic growth and global creative leadership.
  • Maharashtra announced plans for a 120-acre Media City in Mumbai's Film City, focusing on animation, gaming, and visual effects, alongside the establishment of the Indian Institute of Content Creators with a ₹400 crore investment.
  • YouTube CEO Neal Mohan pledged ₹850 crore to accelerate the growth of Indian content creators and media companies over the next two years.
  • The summit's WAVES Bazaar e-marketplace connected over 6,100 buyers and 5,200 sellers globally, while the Global Media Dialogue underscored the need for ethical media practices and bridging digital divides.